VANCOUVER, April 16, 2018 /CNW/ - Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on April 11, 2018 being oversubscribed, but not yet closed, it is increasing the Private Placement by an additional 1,500,000 units. The increased private placement will now comprise up to 9,000,000 units at a price of $0.10 per unit to raise gross proceeds of up to $900,000. Terms and [...]
Oroco Resource is pleased to announce that it intends to complete a non-brokered private placement of up to 7,500,000 units at a price of $0.10 per unit to raise gross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price [...]
VANCOUVER, Feb. 23, 2018 /CNW/ - Oroco Resource Corp. is pleased to announce that it has acquired, through its wholly-owned Mexican subsidiary, Minera Xochipala, S.A. de C.V. , a 77.5% interest in each of the La China II and Amp. Santo Tomás Reduccion 1 mineral concessions from Santo Tomas Metals, S.A. de C.V. , and a 77.5% interest in an application for the Papago 17 mineral concession from Ubaldo Trevizo Ledezma [...]
VANCOUVER, British Columbia, Nov. 17, 2017 -- Oroco Resource Corp. announces that it will not proceed with the closing of the $600,000 private placement previously announced on October 12, 2017. The Company is suspending the private placement pending the intended acquisition of certain mineral concessions in Mexico. “For reason that we have sufficient funds to meet our current operating needs, and that the proceeds [...]
Oroco Resource is pleased to announce the appointment of Kenneth R. Thorsen as Senior Technical Advisor to the Company. Mr. Thorsen has almost five decades experience in the mining industry, including 20 years with Teck Resources Ltd. At the time of his retirement from Teck in 2000, Mr. Thorsen, as President of Teck Exploration Ltd., was in charge of exploration and administration in 17 countries. Mr. Thorsen has served [...]
Oroco Resource is pleased to announce that it intends to complete a non-brokered private placement of up to 8,000,000 units at a price of $0.075 cents per unit to raise gross proceeds of up to $600,000. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of [...]
Oroco Resource is pleased to announce that, subject to TSX Venture Exchange acceptance, it has engaged General Research and its principal and sole shareholder, Georg Hochwimmer of Munich, to provide investor relations and communications services to the Company in Europe. The Company has previously engaged General Research GmbH for reason that it is an experienced, arms length financial advisory firm which focuses [...]
Oroco Resource announces that it has entered into a mineral exploration agreement with Auracle Geospatial Science Inc., a highly advanced remote sensing service provider. The contract relates to identified mineral resource targets in Mexico. Auracle has customized an initial two-phase data collection and analysis project for Oroco. Offering specific deliverables, the contract is intended to be implemented immediately. In [...]
Oroco Resource announces that the Company has granted to directors, officers, employees and consultants a total of 3,750,000 incentive stock options at a price of $0.075 per share. The option grants are subject to TSX Venture Exchange approval.
VANCOUVER, BC--(Marketwired - September 23, 2016) - Oroco Resource Corp. (TSX VENTURE: OCO) (FRANKFURT: OR6) ("Oroco" or "the Company") announces that it has received US$811,690 from Goldgroup Mining Inc. ("Goldgroup") in settlement of the outstanding balance of all debts due from Goldgroup, being the remaining principal and accrued interest from (a) the US$1,500,000 promissory note, as amended (the "Note"), issued to the [...]
VANCOUVER, Feb. 12, 2016 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has issued 4,691,000 common shares (the "Shares") at a deemed price of $0.06 per Share to satisfy debt owing to Oroco Resource Corp. ("Oroco") in the amount of US$200,000 (being the equivalent of Cdn$281,460 calculated using the Bank of Canada Noon Exchange Rate on January 28, 2016 of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 16, 2015) - Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") announces that it has received a Dismissal Order (the "Order") with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.'s (jointly, "Sonoran") (see news releases of March 31, 2014 and April 28, 2015) against the Company and Minas de Oroco Resources, S.A [...]